Services Sector Ideas

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Fiserv - >>> 3 Nasdaq 100 Stocks That Are Best Buys Now
The tech-oriented Nasdaq exchange offers lots of opportunities. These three stocks are the best.


Motley Fool

by Rich Duprey

Aug 23, 2021


https://www.fool.com/investing/2021/08/23/3-nasdaq-100-stocks-best-buys-now/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article


Fiserv

Payments and financial services technology provider Fiserv (NASDAQ:FISV) has a three-pronged approach to facilitating cashless transactions that ought to benefit from the post-pandemic economic recovery.

It offers businesses of any size the opportunity to meet their customers however they shop. Its Carat technology lets large merchants adopt an omnichannel approach to commerce while the Clover platform was built for small- and medium-sized companies to accept and process payments whether in store or online.

Fiserv also offers digital payments processing, fraud protection, and credit and debit cards to financial institutions, while also allowing them to manage customer deposit and loan accounts. It also provides them with financial and risk management services.

The growth in cryptocurrencies also presents a unique opportunity for Fiserv. Over the past year it moved $4 billion worth of payments volume in and out of crypto wallets, but moved $2 billion in the second quarter alone, indicating the swift increase cryptocurrencies are experiencing.

Recessions can wreak havoc on a financial services company like Fiserv, as last year showed. The decline in global economic activity resulted in a significant decrease in payment volumes and transactions, so there will be periods when its business slumps. The benefit for investors is that economy-expanding bull markets tend to last a lot longer than bear markets, and as demand for digital financial services increases, Fiserv should see its own business ramp up for years to come.

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